this is the process how i find my trades coming down from monthly and mostly break out trades the last few trades didnt go so well due to so many news and gaps in the market but this month we will recover and get back on track. when you want to find MACD breakouts the reference points should be the last divergence that reversed the market the soul strategy comes from VDUB you can check his strategy and channel but i do combine a few methods that ive learned during past 7 years of trading.
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for more details check 4 hours chart thats how i find my entries working my way down from monthly to 4 hours chart.